Prince George, B.C.-  The  real estate market is expected to remain in  a “balanced”  state for the  coming year.

The BC Real Estate Association says 2014 will go in the books as neither a sellers, nor buyers market, that supply and demand  were pretty much equal.

“BC home sales were robust in November” says Cameron Muir, BCREA Chief Economist “improving economic conditions, strong consumer confidence and persistently low mortgage  interest rates are providing a solid foundation for elevated consumer demand.”

(at right, graph of sales and demand, courtesy BCREA)

That   scenario  mirrors the situation within  the BC Northern Real Estate Board’s  communities  as well.  President Ken Laursen  says sellers  seem to be taking a break  over the Christmas season, “We don’t  have a lot of inventory available”.  Laursen  is predicting a  solid  year  ahead “We have seen a slow and steady market throughout the  region and I think that will  continue.”

He says  the  proposed development in the resource sector is having a positive effect “I think  we will see sales in the region ‘keep on  keepin’ on’  in 2015.”

Year to date  residential sales  dollar volume in the Province  was up 22.1 percent compared to the same period  last year.  As of the end of November there had been 78,973  residential unit sales in B.C.,  an increase of 15.3% over  the same period last year.